| Net Worth | $1.5 billion |
|---|---|
| Salary | N/A |
| Birthdate | N/A |
| Birthplace | N/A |
| Gender | Female |
| Height | N/A |
| Profession | Dermatologist, Entrepreneur |
| Nationality | American |
What is Kathy Fields’ Net Worth?
Kathy Fields, an American dermatologist and entrepreneur, holds a remarkable net worth of $1.5 billion. She is widely recognized for her role in creating the immensely successful ProactivSolution and the skincare company Rodan + Fields alongside fellow dermatologist Katie Rodan. Fields and Rodan sold Rodan + Fields to Estee Lauder in 2003, but they repurchased the company in 2007. With a strategic shift in distribution, Proactiv began selling directly to consumers instead of relying on retail stores. This move proved to be highly successful, as the company generated over $300 million in product sales in 2014. Furthermore, in 2018, the revenue surpassed $1.6 billion, followed by another impressive milestone in 2019 when it exceeded $1.3 billion.
Highlights
- Kathy Fields’ net worth stands at $1.5 billion.
- She co-created ProactivSolution and Rodan + Fields with Katie Rodan.
- Fields is an assistant dermatology professor at the University of California, San Francisco.
- She has achieved billionaire status due to her share in Rodan + Fields.
- The future Proactiv royalties were sold to Guthy Renker and Nestle in 2016.
- A 25% stake in Rodan + Fields was sold to private equity firm TPG for $1 billion in 2018.
Early Life
Unfortunately, specific details regarding Kathy Fields’ birthdate and birthplace are not available for public knowledge. However, it is known that she is an American national and achieved immense success within the skincare industry.
Career
Kathy Fields has made significant contributions to the field of dermatology and entrepreneurship throughout her illustrious career. Alongside her business partner, Katie Rodan, she developed the ProactivSolution, a revolutionary acne treatment that gained widespread popularity. The success of Proactiv led to the creation of Rodan + Fields, a skincare company offering various products for different skin concerns.
After selling Rodan + Fields to Estee Lauder in 2003, Fields and Rodan reacquired the company in 2007. They made a strategic decision to shift from retail store distribution to a direct-to-consumer model, which significantly boosted sales and revenue. In 2014, the company’s product sales exceeded $300 million, marking a major milestone for both Fields and Rodan.
In 2018, Rodan + Fields continued to thrive, surpassing $1.6 billion in revenue. This achievement further solidified Kathy Fields’ position as a billionaire, thanks to her share in the company. Additionally, in May of the same year, Fields and Rodan sold a 25% stake in Rodan + Fields to private equity firm TPG for a staggering $1 billion.
Personal Life
Although details about Kathy Fields’ personal life remain undisclosed, it is worth noting that she and Katie Rodan have co-authored two books. Furthermore, both dermatologists have been featured on numerous television shows throughout their careers.
Net Worth Over Time
Kathy Fields’ net worth has witnessed an extraordinary growth trajectory. Initially, she gained substantial wealth after selling Rodan + Fields to Estee Lauder. However, her true ascent to billionaire status occurred as the skincare company experienced remarkable success in subsequent years. With Proactiv’s move to direct-to-consumer sales and the consistent revenue generated by Rodan + Fields, Fields’ net worth skyrocketed to a staggering $1.5 billion.
Components of Net Worth
Fields’ net worth primarily stems from her ownership and share in Rodan + Fields, the skincare company she co-created. As the business continues to thrive and generate billions of dollars in revenue, Fields’ wealth grows substantially. Additionally, the sale of future Proactiv royalties to Guthy Renker and Nestle, as well as the sale of a 25% stake in Rodan + Fields to TPG, further contributed to her net worth.
In conclusion, Kathy Fields, an accomplished dermatologist and entrepreneur, has amassed an impressive net worth of $1.5 billion. Through her creations, including the highly successful ProactivSolution and Rodan + Fields, Fields has positioned herself among the elite billionaires in the industry. Her entrepreneurial journey, combined with her expertise as a dermatology professor, showcases her remarkable achievements. With her exceptional net worth, Kathy Fields continues to leave an indelible mark on the skincare and dermatology sectors.